AFFIRMATIVE RESPONSE Sample Clauses
An Affirmative Response clause requires a party to provide a clear and positive reply to a request, inquiry, or notification within a contract. Typically, this means that when one party seeks confirmation, approval, or acknowledgment, the other party must respond explicitly rather than remaining silent or ambiguous. For example, if a party is asked to consent to a proposed change, they must reply with a direct acceptance or rejection. This clause ensures timely and unambiguous communication, reducing misunderstandings and helping both parties proceed with certainty.
AFFIRMATIVE RESPONSE. The Offeree party shall then have twenty-one (21) days from the date of its receipt of such Offer Notice (the "Offer Period") to respond in writing to the Selling Party as to whether it has determined to purchase the offered Equity Securities at the price and on the terms specified in the Offer Notice. In the event that the Offeree party notifies the Selling Party in writing within the Offer Period of its desire to purchase the offered Equity Securities (an "Affirmative Response"), then the sale and purchase of such Equity Securities shall be consummated within thirty (30) days after the date of the Selling Party's receipt of such Affirmative Response or, if later, the date as of which the Parties have obtained all required Governmental Approvals for such sale and purchase. However, the Murr▇▇ ▇▇▇up shall have no less than (four (4) months) to complete an equity offering after its Affirmative Response. Any Affirmative Response by the Murr▇▇ ▇▇▇up may be conditioned upon the successful completion of such equity offering.